Listing banner image
  • Asking Price
    $3,624,000Asking Price
  • NOI
    $190,254NOI
  • Cap Rate
    5.25%Cap Rate
  • Size
    4,333 SFSize
  • ListingAcres
    -ListingAcres
  • Built
    2011Built

Description

Colliers is pleased to exclusively offer for sale a single tenant net-leased Banc of California located within Fig Garden Village – a premier Whole Foods Anchored ±290,000 SF open-air retail and entertainment destination located in a high growth trade area in the Fresno, CA MSA. The property consists of a ±4,333 SF freestanding building with drive-thru ATM services positioned on a ±0.43 AC parcel. Banc of California acquired Pacific Western Bank in 2023 and became the third largest bank headquartered in California after the all-stock merger. The asset benefits from a 10-Year lease with 7...

Documents

Offering Summary

  • Asking Price
    $3,624,000
  • Property Type
    Retail
  • Size
    4,333 SF
  • Available
    4,333 SF
  • Occupancy
    100%
  • Built
    2011
  • Total Acres
    ~0.43 ac

Sale Details

  • Cap Rate
    5.25%
  • NOI
    $190,254
  • In-Place Cap Rate
    5.25%
  • In-Place NOI
    $190,254

Documents

Property Address

5126 N Palm Avenue
Fresno, CA 93612

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2011
  • Lease Type
    NNN
  • Zoning
    C-3 – Regional Commercial
  • APN
    417-220-25
  • Gross Leasable Area
    4,333 SF
  • Available GLA
    4,333 SF
  • Acres
    0.43

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2011
  • Lease Type
    NNN
  • Zoning
    C-3 – Regional Commercial
  • APN
    417-220-25
  • Gross Leasable Area
    4,333 SF
  • Available GLA
    4,333 SF
  • Acres
    0.43

Deal Team

Adam Malan profile image
Adam Malan
Vice Chair Vice Chair
NV RE Lic. 0063542
Deana Marcello profile image
Deana Marcello
Executive Vice President Executive Vice President
NV RE Lic. 174174

Description

Colliers is pleased to exclusively offer for sale a single tenant net-leased Banc of California located within Fig Garden Village – a premier Whole Foods Anchored ±290,000 SF open-air retail and entertainment destination located in a high growth trade area in the Fresno, CA MSA. The property consists of a ±4,333 SF freestanding building with drive-thru ATM services positioned on a ±0.43 AC parcel. Banc of California acquired Pacific Western Bank in 2023 and became the third largest bank headquartered in California after the all-stock merger. The asset benefits from a 10-Year lease with 7...

Documents

Offering Summary

  • Asking Price
    $3,624,000
  • Property Type
    Retail
  • Size
    4,333 SF
  • Available
    4,333 SF
  • Occupancy
    100%
  • Built
    2011
  • Total Acres
    ~0.43 ac

Sale Details

  • Cap Rate
    5.25%
  • NOI
    $190,254
  • In-Place Cap Rate
    5.25%
  • In-Place NOI
    $190,254

Documents

Property Address

5126 N Palm Avenue
Fresno, CA 93612

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2011
  • Lease Type
    NNN
  • Zoning
    C-3 – Regional Commercial
  • APN
    417-220-25
  • Gross Leasable Area
    4,333 SF
  • Available GLA
    4,333 SF
  • Acres
    0.43

Property Details

  • Property Type
    Retail
  • Occupancy
    100%
  • Year Built
    2011
  • Lease Type
    NNN
  • Zoning
    C-3 – Regional Commercial
  • APN
    417-220-25
  • Gross Leasable Area
    4,333 SF
  • Available GLA
    4,333 SF
  • Acres
    0.43

Deal Team

Adam Malan profile image
Adam Malan
Vice Chair Vice Chair
NV RE Lic. 0063542
Deana Marcello profile image
Deana Marcello
Executive Vice President Executive Vice President
NV RE Lic. 174174
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